Intel has high hopes for new flash chips

Article Excerpt

INTEL CORP. $22 (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.8 billion; Market cap: $127.6 billion; WSSF Rating: Above average) spends around 15% of its revenue of $6 a share on research, which has helped it launch several promising new computer chips in the past two years. The company now hopes to improve its share of the flash memory chip market. Manufacturers of mobile phone and digital cameras use flash chips to retain information without power. Intel now is working on a new type of flash chip that lasts longer, stores more information and uses less power. If successful, this process could eventually replace computer hard drives. Intel is a buy. buy…